Defensive posture taken in Europe with U.S., U.K. shut

Traders in Europe are in a defensive posture on Monday in a light-volume holiday session, with investors opting for telecommunications firms and utilities at the expense of banks and automakers. See full story.

Only three banks have failed so far in 2008. But that number is set to surge as the credit crunch slows economic growth and hammers some lenders that grew too fast during the recent real-estate boom, experts say. See full story.

"My network's better than your network." So goes the playground-like argument that’s raging in the telecom industry’s fierce competition for customers in “fourth-generation” wireless service. See full story.

Dow's transport index rise defies historical trends

NEW YORK (MarketWatch) -- A top performance so far this year by the Dow Jones Transportation Average index, long considered a precursor to market turnarounds, should spell recovery for the broader market. See full story.

Market Snapshot: U.S. stocks look for holiday from inflationary reminders

Stocks could use a holiday during the coming Memorial Day-shortened week from the escalating energy prices and inflationary data that have dogged the equities market, fueling persistent worries about the ailing U.S. economy. See full story.

Jon Friedman's Media Web: Prospect of Lakers-Celtics final has ABC and NBA drooling

NBA Commissioner David Stern flashed the tiniest of smiles when asked whether he was looking forward to the possibility of a championship matchup of the Los Angeles Lakers and the Boston Celtics. See full story.

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